The Abu Dhabi Government hopes to start tracking imports and exports for each emirate, an upgrade to the current system that tracks trade only for the entire UAE.
"In Dubai, locals buy commodities imported through the Ghweifat border. Is it accurate to register the import to the emirate of Abu Dhabi? No," said Mahmoud Obeid, a senior economic researcher at Abu Dhabi's Department of Economic Development.
At the Towards A Mechanism for Monitoring Commodity Exchange conference yesterday, several government bodies including the Ministry of Foreign Trade, the Federal Customs Authority and the Abu Dhabi and Dubai Statistics Centres, discussed the regulation of individual emirates' trade balances.
Under the current system, all imports and exports made through any of the emirates is classified as countrywide data by the customs authority.
It means goods landed at one port may be destined for another emirate but will be registered as an import for the emirate in which the port of entry is located, creating a skewed trade picture.
"On a Federal level there is no problem but from a local level we cannot determine the size of import and export product for each emirate at any given time, which makes it difficult to make public policy decisions," said Mr Obeid.
Abu Dhabi's total foreign trade for the year so far has reached Dh79.3bn (US$21.59bn), according to statistics from the Department of Economic Development. Imports totalled Dh62.7bn, while non-oil exports reached Dh8.6bn. Re-exports through Abu Dhabi were at Dh7.9bn.
These figures, however, do not provide an accurate picture of specific trade for the Abu Dhabi Government.
Reports published by the Dubai's Statistics Centre in September showed that Dubai's total foreign trade reached Dh259.5bn in the first half of the year.
halsayegh@thenational.ae
Company%20profile
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
UAE currency: the story behind the money in your pockets
Batti Gul Meter Chalu
Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5
The specs
Engine: 5.2-litre V10
Power: 640hp at 8,000rpm
Torque: 565Nm at 6,500rpm
Transmission: 7-speed dual-clutch auto
Price: From Dh1 million
On sale: Q3 or Q4 2022
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COMPANY%20PROFILE
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UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
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Ferrari
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
'Texas Chainsaw Massacre'
Rating: 1 out of 4
Running time: 81 minutes
Director: David Blue Garcia
Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham
COMPANY%20PROFILE
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Places to go for free coffee
- Cherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.
- La Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
- Wild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
- Orange Wheels welcome parents are to sit, relax and enjoy goodies at ‘Café O’ along with a free coffee
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TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
UAE currency: the story behind the money in your pockets
SCORES IN BRIEF
Lahore Qalandars 186 for 4 in 19.4 overs
(Sohail 100,Phil Salt 37 not out, Bilal Irshad 30, Josh Poysden 2-26)
bt Yorkshire Vikings 184 for 5 in 20 overs
(Jonathan Tattersall 36, Harry Brook 37, Gary Ballance 33, Adam Lyth 32, Shaheen Afridi 2-36).
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5